October 18, 2017 4:14 AM ET

Hotels, Restaurants and Leisure

Company Overview of ShinMac Company Ltd.

Company Overview

ShinMac Company Ltd. operates a chain of restaurants in South Korea. Its menu includes burgers and sandwiches, meals, nuggets, sides, breakfast, muffins and hotcakes, snacks and sides, beverages, desserts, brewed and espresso coffees, and other drinks. The company was founded in 1986 and is based in Seoul, South Korea. ShinMac Company Ltd. operates as a subsidiary of McDonald's Corp.

11th Floor

Kwanhoom Building

Kwanhoon-dong

Chongro-ku

Seoul,  198-42

South Korea

Founded in 1986

Phone:

82 2 3702 8300

Fax:

82 2 730 4751

Key Executives for ShinMac Company Ltd.

ShinMac Company Ltd. does not have any Key Executives recorded.

ShinMac Company Ltd. Key Developments

Maeil Dairies Reportedly Close To Acquiring McDonald's Korea

Maeil Dairies Co., Ltd. (KOSDAQ:A005990) is close to acquiring McDonald's Korea, according to industry sources, as rival consortiums have dropped from the bidding to make the dairy giant the sole candidate. A consortium between KG Information Systems Private Limited and NHN Entertainment Corp. (KOSE:A181710) gave up bidding to acquire ShinMac Company Ltd. because of differences in price, according to KG Group.

NHN Entertainment In Talks To Buy ShinMac

NHN Entertainment Corp. (KOSE:A181710) is in talks to acquire ShinMac Company Ltd. 'We believe McDonald's will play a central role in Payco's offline market expansion, NHN Entertainment also expects collaborations with McDonald's in our gaming business' Ahn Hyun-sik, chief financial officer said. 'We are considering participating in the McDonald's takeover plan, but nothing has yet been officially confirmed,' the NHN executive said. 'That's why we cannot specify how much we are going to invest.'

McDonald's Korea to Open Outlet in Korea

McDonald's Korea announced that it will open its first Asian outlet serving beer later February 2016 in Pangyo Techno Valley, Gyeonggi Province. The new outlet with 90 seats will serve glasses of OB Premier draught beer exclusively with the company's customizable gourmet 'signature burger' menu. The Pangyo outlet will be the first Asian McDonald's outlet to serve alcohol. In Germany, beer is served in Mcdonald's outlets while wine is served in French outlets.

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Recent Private Companies Transactions

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